Start learning 50% faster. Sign in now
Kaizen, means continual improvement. Continuous improvement is the continual examination and improvement of existing processes and is very different from approaches such as business process re-engineering (BPR), which seeks to make radical one-off changes to improve an organization's operations and processes. This philosophy implies that small, incremental changes routinely applied and sustained over a long period result in significant improvements. The kaizen strategy aims to involve workers from multiple functions and levels in the organization in working together to address a problem or improve a particular process. Some of the activities in the kaizen costing methodology include the elimination of waste in the production, assembly, and distribution processes, as well as the elimination of work steps in any of these areas. Similar Question in our Lean Systems Chapter test
_____________ is the process usually accelerated by the roll up merger.
Which of the following days is known as ‘GST Day’?
In which Bank/Banks one can deposit money in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) -
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as, government securities, cash and gold with itse...
RBI recently imposed several restrictions on Indian Mercantile Cooperative Bank Ltd. including a cap of Rs 1 lakh on withdrawals. The Indian Mercantile ...
What is CIBIL score?
FEMA, 1999 replaced the Foreign Exchange Regulation Act (FERA) of _______________.
Which institution is the most important constituent of Indian money market?